Process and likely focus areas of the Budget 2016
By Amit Kapoor The budget is an important document that decides the course of the fiscal policy of the government over the coming year. This year seems to be no different with the halwa ceremony…
Finance
Bankers to strike for reinstating Dhanalaxmi Bank officer
Chennai, Feb 22 (IANS) The All India Bank Officers Confederation (AIBOC) on Monday said it would go on nation-wide strike on February 29 to demand the reinstatement of an official in the Kerala-based Dhanalaxmi Bank….
IISL announces five new indices, total indices at 11
New Delhi, Feb 22 (IANS) National Stock Exchange (NSE) group company India Index Services & Products Ltd (IISL) on Monday announced the new Nifty broad market indices structure consisting of 11 indices, five of them…
Rupee touches 30-month closing low
Mumbai, Feb 22 (IANS) The Indian rupee weakened by 14 paise on Monday to touch its 30-month closing low. The rupee closed at 68.60 against the US dollar, at level which was last seen during…
Lend more, expand service: Odisha government tells banks
Bhubaneswar, Feb 22 (IANS) The Odisha government on Monday asked banks to increase their credit-deposit (CD) ratio and open branches in all Gram Panchayats (village councils) in the state. The villages without banks should be…
Short-coverings, global cues swell equity markets
Mumbai, Feb 22 (IANS) Short-coverings, coupled with value-buying and positive global indices, supported the rise of the Indian equity markets on Monday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE closed the day’s…
Budget to be growth-oriented with eye on fiscal deficit: Official
New Delhi, Feb 22 (IANS) Ahead of the February 29 presentation of India’s budget for the next fiscal, the government on Monday promised a growth-oriented budget that would also keep in mind the country’s fiscal…
Short-coverings, Asian cues swell markets
Mumbai, Feb 22 (IANS) Short-coverings, coupled with value-buying and positive global indices, supported the rise of the Indian equity markets on Monday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE provisionally closed the…
HSBC reports loss worth $1.3 bn in 2015’s Q4
London, Feb 22 (IANS) HSBC Holdings Plc on Monday reported a net loss of $1.3 billion in the fourth quarter of 2015, compared with total profit of $511 million during the same period last year….
Chinese shares close higher
Beijing, Feb 22 (IANS) Chinese stocks soared high on Monday — with the benchmark Shanghai Composite Index up 2.35 percent — to close at 2,927.18 points. The smaller Shenzhen index closed 2.05 percent higher at…
Chinese shares surge
Beijing, Feb 22 (IANS) Chinese shares regained the 2,900-point mark on Monday, following the appointment of a new regulator head on Saturday. The benchmark Shanghai Composite Index surged 2.35 percent to close at 2,927.18 points…
Japan stocks close higher
Tokyo, Feb 22 (IANS) Japan stocks closed higher on Monday, reversing earlier losses as the yen’s retreat against the US dollar, coupled with a strong showing on Chinese bourses, lifted the market mood and spurred…
Tokyo stocks reverse losses
Tokyo, Feb 22 (IANS) Japan stocks reversed early losses on Monday morning as the yen’s retreat versus a basket of currencies prompted buying, particularly of export-linked stocks whose companies’ profit outlooks are enhanced by a…
Sensex trades flat in early session
Mumbai, Feb 22 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Monday was trading flat at 32.45 points, or 0.14 percent up during the morning session. The wider 50-scrip…
Chinese shares open higher
Beijing, Feb 22 (IANS) Chinese stocks opened higher on Monday, with the benchmark Shanghai Composite Index up one percent, at 2,888.6 points. The smaller Shenzhen index opened 1.26 percent higher at 10,290.05 points, Xinhua news…
Chinese yuan advances against dollar
Beijing, Feb 22 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, gained 21 basis points to 6.5165 against the US dollar on Monday, according to the China Foreign Exchange Trading…
Tokyo stocks open lower
Tokyo, Feb 22 (IANS) Tokyo stocks opened lower on Monday as Wall Street’s drop at the end of last week, coupled with a firm yen, weighed on the market mood. As of 9.15 a.m., the…
CII for continuing 10 percent peak rate of customs duty
New Delhi, Feb 22 (IANS) Indian industry has pitched for continuation of the 10 percent peak rate of customs duty in its pre-budget recommendations to the finance ministry ahead of the union budget for the…
Global oil price likely to stay low: Mukesh Ambani
Mumbai, Feb 21 (IANS) Cautioning against the overall deflationary dangers from the global oil price slide, Reliance Industries (RIL) chairman Mukesh Ambani said on Sunday that oil prices are likely to remain low for the…
Budget hopes: More exemptions, deductibles, transparent tax system
Chennai, Feb 21 (IANS) Making the tax administration tax-payer friendly and transparent, tax holiday for a certain period for businesses generating jobs, increase in tax exemption and deductible limits are some of the Budget expectations…